Bengaluru, Mar 4: CM BS Yediyurappa may reconsider plans to hike taxes and curtail populist schemes in his budget on Thursday as the Centre released part of GST compensation it owes the state. Officials said the Centre released the first instalment of the bimonthly compensation for October-November amounting to Rs 2,013 crore.
"This is welcome relief as the government has been scrambling to mobilise funds," said BT Manohar, member of GST consultative committee, government of Karnataka. The second instalment of Rs 1,523 crore is also expected to be released soon.
The CM, in his seventh budget, is expected keep the focus firmly on farmers and give top priority to irrigation, agriculture and welfare schemes.
The irrigation sector is expected to land the lion's share with an allocation of at least Rs 25,000 crore, followed by agriculture. Former CM Kumaraswamy had allocated over Rs 17,000 crore for water resources.
The bulk of funds is likely to go to the Upper Krishna (UKP) and Upper Bhadra projects, as it will help backward Kalyana Karnataka and central Karnataka regions. The two are also significant political blocs. The government will also seek assistance from the Centre for the UKP project in the erstwhile Hyderabad-Karnataka region, which enjoys special status under the Constitution owing to its backwardness. P4
Yediyurappa is also expected to spell out populist schemes for the poor.
Former CM HD Kumaraswamy had allocated Rs 17,212 crore in the previous budget for water resources and Yediyurappa is likely to go well beyond that figure. "Priority will be given to irrigation and farmers," Yediyurappa had said recently. "I am making efforts to present a budget within the financial constraints."
he amounts are released once every two months, but the Centre had fallen behind on payments. PX
"There are indications that another payment will be made."
The state's optimism stems from the fact that the Centre's GST collection crossed the Rs 1 lakh crore-mark for four successive months till February.
However, the CM could still hike tax rates marginally. At a pre-budget meet on resource mobilisation where Yediyurappa is learnt to have expressed willingness to borrow funds, officials from the finance department advocated raising tax rates instead.
Comments
May be because of infected Gomoothra
JINU...
How did U come into being... QURAN speaks on our CREATOR who created all that exits... and It asks us to use our intellectual which ALLAH has given us. I request you to PONDER on what it says...
Please read the QURAN once & research what it says... Dont just sit idle and make your own asumption. living a life of unaware... about the CREATOR will be worse than animals..
May God help them all! They are all innocents.
Devaru kotta prasada beda annbardu...! May be some sanghi poojaris' wanted to cut down cost for his selfishness. Probe needed.
May the victims recover soon!
I agree, believing blindly doesnt make sense... But God has given intellectual to human being and he created us to worship him alone... Y dont we use our intellectual to know who is worthy of Worship rather than worshiping idols and animals...
Even in vedas, it say that those who worship such things are in DARKNESS...So to come out of such DARKNESS ... the idols or man made god worshipers should try to know who is GOD and Y we need IDOLs to reach GOD...
God says he is near to any caller, there is no need keep any life less object and ask with it... in other sense U can call him by saying \O the one who put soul in me, who gave life to me ...Guide me.No doubt his help will come to those who trust him... Try it."
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